Energy giant Talos Energy Inc. (NYSE: TALO) has joined forces with TechnipFMC to work on developing and providing carbon capture and storage (CCS) facilities in the US Gulf Coast.
Talos will be calling on its sub-surface expertise along with its offshore exploration and production operations to facilitate this project. The exploration company has downstream and upstream operations offshore Mexico and in the United States.
TechnipFMC, on the other hand, is an independent oil and gas company with a long history in optimizing subsea fields and delivering complete project life cycle services for the energy sector, including system integration and automation.
Together, both companies have agreed to use their combined strengths in order to progress carbon capture opportunities along the entire US Gulf Coast. Namely, they will collaborate on various stages of the full life cycle of storage site characterization, as well as first injection through life of field operations and front-end engineering and design.
Talos Energy has been involved in other major initiatives designed to help mitigate climate change. For example, earlier this year the company won a bid for developing a physical site for carbon sequestration and storage in Texas.
And one of the key reasons it was able to secure this project was due to Talos Energy’s seismic database coverage of the site.
In fact, as was made known in a statement by the company’s CEO Timothy S. Duncan, this was just one of several first steps in Talos’ “strategy to build multiple carbon capture and storage sites along the United States Gulf Coast”.
We have covered the full story here: Talos Energy Wins Offshore Carbon Capture Project In Texas
The company is also well aware of its actions setting an example of how large traditional oil and gas firms have the opportunity to reinvent themselves and gain a new, meaningful role in the global battle against climate change.